Cardano has been added to the beta version of Brave Wallet, providing users the ability to utilize blockchain assets with 88 million users of the browser.
Integration of Cardano into Brave Wallet
Recently, Cardano has been integrated into the beta version of Brave Wallet, providing access to 88 million active users of the browser. This was first reported by a Cardano-focused page on June 19, showcasing a screenshot of Cardano’s integration in the wallet interface. This update follows an official announcement in May from Input Output, Cardano's development firm, and Brave Software, confirming plans for full support of Cardano in Brave's crypto wallet.
Current Price of Cardano and Market Trends
Despite the expected boost in Cardano's visibility, the market response has yet to materialize. As of press time, Cardano is trading at $0.6002, down 0.5% from the previous day, and is near the lower end of its 7-day range, which is from $0.5913 to $0.6556. Furthermore, the 24-hour trading volume for ADA has fallen by 47.3%, amounting to $360 million.
Technical Analysis
The technical picture indicates that ADA remains in a defined downtrend, trading close to its lowest level since mid-April. The price is below all major moving averages, from the 10-day to the 200-day, indicating strong bearish momentum. Momentum indicators are showing a neutral to bearish outlook. A possible short-term rebound may occur if the price rises above $0.63; however, continued low volume may lead to further declines.
The integration of Cardano into Brave Wallet opens new opportunities for users, but current market trends and technical indicators suggest ongoing pressure on the asset's price.
